Short Term Lending Program - Financial Assistance Division

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Short Term Lending Program

Maximum Loan Amount:	$750,000
Interest Rate:	It is a variable rate tied to the Prime Rate published in the Wall Street Journal.
Eligibility Decision:	DBE Certified or SBA Certified under Section 8(a); Small Disadvantaged Business; HUBZONE Empowerment Contracting Program; and Service-disabled Veterans Startup businesses are not eligible to apply for the STLP. It is recommended that a business have at least three years of past history before applying to show an established track record. Funds are not available for contract mobilization; equipment purchases or other long-term uses; refinance of existing debt; payment of non-current taxes; distributions or other payments to stockholders.
Revolving Lines of Credit:	Normally covers one-year period and one or more renewals may be requested.
Turnaround Time:	30 to 60 days
Forms:	Completed loan application should be sent to the Participating Lender PLs or OSDBU. Application for New Loan Guarantee (PDF) (DOC) Application for Renewal Loan Guarantee (PDF) (DOC) Information to be included with application: Business and personal financial statements (3 years). Business and personal income tax returns (3 years). Cash flow projections (one year). Current Accounts receivable and accounts payable. Company profile. Current Personal Financial Statement (signed & dated). Certification that all taxes are current. A minimum of 3 business references. STLP Checklist for NEW Participants - HTML / PDF STLP Checklist for Continued Participation - HTML / PDF
Collateral:	Accounts Receivable arising from contracts or subcontracts being financed; also additional personal guarantees or insurance may be requested.
Credit Decision:	Lender/DOT
Purchase and Repayment:	Funds may be borrowed against each invoice of the contract(s) being financed. Repayment occurs as the project owner or prime contractor pays the invoice. The payment is made jointly to the borrower and to the STLP bank and is sent to the bank, which repays the amount borrowed against the invoice and transmits the balance to the borrower.

STLP APPLICATION

The STLP application can be downloaded from the following link PDF or it can be obtained from the Participating Lenders (Pls) listed below or from the OSDBU.

Completed applications may be forwarded to DOT OSDBU or to the PLs. Decisions on STLPs are made by both the Participating Lender (PLs) and by the DOT.

STLP PARTICIPATING LENDERS (PLs)

Citizens Trust Bank
75 Piedmont Avenue
Atlanta, GA 30303

Farrand Logan, Vice President
Commercial Lender,
Telephone: (404) 575-8333
Fax: (404) 575-8340
Email: farrand.logan@ctbatl.com

Fred Daniels, Senior Vice President
Telephone: (404) 575-8331
Email: fred.daniels@ctbatl.com

Lynnette Crosslen
Loan Operations Assistant Manager
Telephone: (404) 575-8286
Fax: (404) 575-8290
Email: lynnette.crosslen@ctbatl.com

Website: www.ctbconnect.com
Hours: Monday-Friday, 9:00am-5:00pm (EST)

Native American Bank, N.A.
999 18th Street, Suite 2460
Denver, CO 80202
Office: (303) 988-2727
Fax: (303) 988-5533

Shannon Loeve
Business Development Officer
Telephone: (720) 963-5520
Email: sloeve@nabna.com

Website: www.nativeamericanbank.com
Hours: Monday-Friday, 8:00am-5:00pm (MST)

Native American and Alaskan Native applicants only

Continental National Bank of Miami
240 East Flagler St.
Miami, FL 33131

Amaury Betancourt
Vice President
Telephone: (305) 642-2440

Fax: (305) 551-9034
Email: abetancourt@continentalbank.biz

Website: www.continentalbank.com
Hours: Monday-Friday, 9:00am-5:00pm (EST)

Adams National Bank
1130 Connecticut Avenue, NW
Suite #200
Washington, DC 20036

Susan Banks
VP, Commercial Lending
Telephone: (202) 772-3721
Fax: (202) 835-3871
Email: sbanks@adamsbank.com

Website: www.adamsbank.com

Hours: Monday-Thursday, 9:00am-3:00pm;
Friday, 9:00am-5:00pm (EST)

United Bank of Philadelphia
The Graham Building
30 S. 15th Street, Suite 1200
Philadelphia, PA 19102

Dennis W. Harris
VP, Commercial Lending
Telephone: (215) 231-3695
Fax: (215) 231-3694
Email: dharris@ubphila.com

Patricia M. Hitzges
Credit Administration Officer
Telephone: (215) 351-4600 ext.116
Fax: (215) 567-1667
Email: phitzges@unitedbankofphiladelphia.com

Juilette L. Williams-Holmes
Assistant Vice President, Business Development/ Retail Administration
Telephone: (215) 382-5383
Fax: (215) 382-5385
Email: jwilliamsholmes@ubphila.com

Website: www.unitedbankofphiladelphia.com

National Bank of California
145 South Fairfax Avenue
Los Angeles, California, 90036

Robert Kaplan VP,
Business Banking Department
Telephone: (323) 655-6001 x 212
Fax: (323) 932-1662
Email: rkaplan@nbcal.com

Website: www.nbcal.com

North Milwaukee State Bank
8200 W. Brown Deer Road
Milwaukee, WI 53223

Errol Barnett,
EVP, Chief Commercial Lender
Telephone: (414) 466-2344
Fax: (414) 371-7908
Email: ebarnett@nmsb.com

Website: www.nmsbank.com
Hours: Monday-Friday, 9 am to 6 pm

Legacy Bank
2102 West Fond du Lac Avenue
Milwaukee, WI 53206

Ramona Moore
VP, Commercial Lending
Telephone: (414) 343-3010
Fax: (414) 343-6910
Email: rmoore@legacybancorp.com

Website: www.legacybancorp.com
Hours: Monday-Friday, 8:30am-5:00pm (EST)

Cardinal Bank
1776 K Street, NW
Washington, DC 20006

Kathy Speakman
VP, Commercial Lending
Telephone: (202) 331-3957
Fax: (202) 659-6589
Email: kathryn.speakman@cardinalbank.com

Website: www.cardinalbank.com
Hours: Monday-Friday, 9:00am–5:00pm (EST)

South Carolina Community Bank

1545 Sumter Street

Columbia, SC 29201

Deborah Dawson

SVP, Senior Lender

Telephone: (803) 733-8100 ext. 1114

Fax: (803) 733- 8125

Toll Free: 1-866-696-5577

Email: ddawson@sccommunitybank.net

Website: www.sccommunitybank.net

Hours: Monday-Thursday, 9:00am-5:00pm;

Friday, 9:00am-6:00pm (EST)

First International Bank
1912 Avenue K
Plano, TX 75074

David Mok,
Vice President
Commercial Loan Officer
Phone: (972) 578-7777 ext 2475
Fax: (972) 422-7144
Email: dmok@fibtx.com

Website is www.fibtx.com
Hours 9:00am to 6:00pm

Solera National Bank
319 S. Sheridan Blvd.,
Lakewood, Co 80226

Alberto Peralta
Senior VP, Business Banking
Telephone: (303) 937-6432
Fax: (303) 202-0936
Email: aperalta@solerabank.com

Scott A. Applegate
VP, Business Banking
Telephone: (303) 937-6428
Fax: (303) 937-6425
Email: sapplegate@solerabank.com

Mike Stone
Telephone: (303) 937-6427
Email: mstone@solerabank.com

Website: www.solerabank.com
Hours: Monday-Friday, 9:00am–5:30pm, Saturday from 9:00am to 12:00pm (MST)

The Bank of Missouri
3610 Buttonwood Drive
Columbia, MO 65201

Keith McLaughlin, Senior VP
Senior VP, Business Banking
Email: kmclaughlin@bankofmissouri.com

Loan offices conveniently located in:
Columbia (573) 874-4700
Perryville (573) 547-6541
Cape Girardeau (573) 335-3100
Jackson (573) 243-9300
Springfield (417) 889-4343
Republic (417) 732-4600

Website: www.bankofmissouri.com

Denali Alaskan Federal Credit Union
Member Business Lending
440 E. 36th Avenue, Suite 220
Anchorage, AK 99503

Don Clary, Jr.
VP Business Lending
Telephone: (907) 257-7240
Fax: (907) 222-5742
Toll Free: (800) 764-1123, ext. 240
E-mail: claryd@denalifcu.com

Debra Whitbeck
AVP Real Estate
Telephone: (907) 257-9419
Fax: (907) 222-5888
Toll Free: (800) 764-1123, ext. 419
E-mail: debraw@denalifcu.com
Website: www.denalifcu.org/servlet/content/business.html
Hours: Monday-Friday, 8:30 a.m. to 6:00 p.m. (AST)

Financial Assistance Division
Phone: 1-800-532-1169 or 202-366-1930

Nancy Strine, Manager, Financial Assistance Division
Phone: 1-800-532-1169 or 202-366-1930
Email: nancy.strine@dot.gov

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